PROVIDENCE – Collection of the 1 percent hotel tax in Rhode Island in February totaled $214,120, 21.2 percent more than the $176,638 collected in February 2017, according to the R.I. Department of Revenue Monday.
The collections included $38,784 from the expansion of the tax to include hosting platforms, room resellers, and real estate agents’ and homeowners’ rentals, compared with $19,515 in February 2017. Of the expansion collection, $29,609 was from real estate agents and homeowners, while $9,175 was collected from hosting platforms and room resellers.
Providence reported the largest collection for February at $65,297. New Shoreham had the largest nominal year-over-year increase for the month, rising $24,243 to $24,747, driven largely by real estate agents and homeowners collections. Newport collections declined $11,085 year over year to $38,303, the largest nominal year-over-year decline.
Fiscal year to date, collection of the 1 percent hotel tax in Rhode Island totaled $3.5 million in February, an 18.5 percent increase from year-to-date collections in February 2017, which totaled $2.9 million. The fiscal-year-to-date collection in February included $640,939 related to the expansion of the 1 percent hotel tax collections, compared with $299,550 at that time in February 2017.
Chris Bergenheim is the PBN web editor.